Thursday 25 December 2014

Promissory note cases cost the State €360k

Published 13/03/2014 | 02:30

THE State's legal bill to date on the unsuccessful two 'promissory note' High Court challenges has reached over €360,000.

According to Finance Minister Michael Noonan, the costs of employing counsel and expert witnesses totals €251,985.

One case was brought by United Left TD Joan Collins, who challenged his decision to issue promissory notes in favour of Anglo Irish Bank and the EBS.

Mr Noonan said that there were no external solicitor costs as the Office of the Chief State Solicitor represented the Minister in the proceedings.

Businessman David Hall took a separate case, with counsels' fees incurred in those proceedings totalling €111,938.

Irish Independent

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